Reuters: IPOX® CEO Josef Schuster Comments on Alliance Laundry’s $4.3 Billion IPO Valuation

Reuters reported that Alliance Laundry, backed by BDT & MSD Partners, is targeting a valuation of up to $4.34 billion in its U.S. initial public offering. The Wisconsin-based commercial laundry equipment maker plans to raise as much as $751.2 million by offering 34.1 million shares priced between $19 and $22 each.

IPOX® CEO Josef Schuster provided insights into the deal, noting the significance of private equity-backed companies entering the IPO market:

“The recent broadening out of the profile of U.S. IPO deal flow to include PE-backed firms should help to steer investors towards the deal,” Schuster told Reuters.

The article also highlighted cornerstone investor interest from Capital International and Kayne Anderson Rudnick, which Schuster said reflects the IPO’s appeal to long-term investors:

“The interest from cornerstone investors to take up a significant portion of the deal underlines the attractiveness of the IPO for medium- to long-run focused investors.”

Alliance Laundry, founded in 1908, manufactures commercial washing machines, dryers, and ironers under brands including Speed Queen, UniMac, Huebsch, Primus, and IPSO. Its shares will trade on the New York Stock Exchange under the symbol “ALH.”

Read the full article by Arasu Kannagi Basil on Reuters: BDT & MSD's Alliance Laundry targets $4.3 billion valuation in US IPO